Vertex at the United Nations

The Economic and Social Council (ECOSOC) operates as the United Nations’ (UN’s) “central platform for reflection, debate, and innovative thinking on sustainable development.” So, it’s an honor that one of our innovative thinkers, Vertex Senior Principal of Tax Compliance and Economist George Salis, is participating in an ECOSOC panel examining the tax consequences of the digitalized economy. That discussion is part of ECOSOC’s Committee of Experts on International Cooperation in Tax Matters—a busy three-day event taking place at the UN this week in New York City.

The tax consequences of the digital economy are potentially massive, of course. Numerous countries around the world are considering digital taxation measures – several already have enacted new rules. The Organization for Economic Cooperation and Development (OECD) and the European Commission (EC) recently released major pronouncements concerning their own digital economy taxation plans.

It’s important for tax leaders to keep in mind that tax authorities are actively – some even assertively – considering new ways to capture revenue in the digital era. And it’s important for policymakers and tax authorities to keep in mind that companies want to avoid being subjected to double taxation or, worse, multiple taxation.

Events like the ESOSOC conference strive for international cooperation in complex tax matters like digital taxation. We’re proud to be involved in this cooperative effort and will keep you posted on this rapidly unfolding topic.

Please remember that the Tax Matters provides information for educational purposes, not specific tax or legal advice. Always consult a qualified tax or legal advisor before taking any action based on this information.

About this Contributor

Tricia Schafer-Petrecz Headshot
Tricia Schafer-Petrecz
Public Relations and Social Media Lead

Tricia Schafer-Petrecz manages Vertex's public relations and social media functions. In her role as reporter for the Tax Matters blog, she coordinates and writes  pieces on industry trends, legislation and technology in the tax industry.  Tricia has over 20 years of experience managing public relations, corporate communications and generating thought leadership for the financial services and technology industries. Prior to joining Vertex, she was the Director of Public Relations for Fidelity National Information Services (FIS Global), a Fortune 500 company. Tricia has a B.A. in English, a B.A. in Communications, and a Master's degree in Communications from La Salle University in Philadelphia, PA.  She is also a member of the Public Relations Society of America (PRSA).

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